Protection for sale with imperfect rent capturing
By: Giovanni Facchini, Johannes Van Biesebroeck, Gerald Willmann.
Contributors: Biesebroeck, Johannes van.; Willmann, Gerald.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11269; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11269.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Protectionism -- Mathematical models.; Non-tariff trade barriers -- Mathematical models.
Description: "Structurally estimating the Grossman and Helpman (1994) model using coverage ratios that include non-tariff barriers leads to biased parameter estimates.  We develop a "protection for sale" theoretical framework consistent with the data, by explicitly allowing for non-tariff barriers.  Introducing partial rent capturing we obtain a testable specification which finds support in the data.  Our results suggest that average rent capturing is in the order of 72-75 percent"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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